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Search resuls for: "Albertsons Companies Inc"


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☆ Factbox: Mega merger talks turn spotlight on Kroger, Albertsons
  + stars: | 2022-10-13 | by ( ) www.reuters.com   time to read: 1 min
Oct 13 (Reuters) - Grocery giant Kroger Co (<KR.N>) is in talks to merge with smaller rival Albertsons Companies Inc (<ACI.N>), Bloomberg News reported on Thursday, in what would be one of the biggest deals in the U.S. retail landscape in recent years. A potential deal would create a combined company with a market cap of about $47 billion and nearly $210 billion in annual sales. Here are some key facts about the grocers:Register now for FREE unlimited access to Reuters.com RegisterReporting by Deborah Sophia in Bengaluru; Editing by Sriraj KalluvilaOur Standards: The Thomson Reuters Trust Principles.
☆ U.S. grocer Kroger in talks to merge with rival Albertsons - Bloomberg News
  + stars: | 2022-10-13 | by ( ) www.reuters.com   time to read: +1 min
Oct 13 (Reuters) - U.S. grocery giant Kroger Co (KR.N) is in talks to merge with smaller rival Albertsons Companies Inc (ACI.N), Bloomberg News reported on Thursday, citing people familiar with the matter. Shares of Albertsons rose 7% on the report, while Kroger's stock slipped. Kroger, which also houses supermarket chains such as Fred Meyer, Ralphs and King Soopers, trails Walmart Inc (WMT.N), the top grocer in the country. A deal could be reached as soon as this week, Bloomberg reported, adding that no final decision has been taken and talks could still be delayed or falter. Register now for FREE unlimited access to Reuters.com RegisterReporting by Aishwarya Venugopal in Bengaluru; Editing by Shinjini Ganguli and Sriraj KalluvilaOur Standards: The Thomson Reuters Trust Principles.
☆ Ocado shares jump over 10% on Kroger/Albertsons merger report
  + stars: | 2022-10-13 | by ( ) www.reuters.com   time to read: +1 min
Kroger is in talks to merge with Albertsons, Bloomberg News reported, citing people familiar with the matter. Register now for FREE unlimited access to Reuters.com RegisterOcado struck a deal with Kroger in 2018 to help the U.S. firm ratchet up its delivery business with the construction of robotically operated warehouses. The initial deal saw Kroger identify at least 20 sites to build automated warehouses, or customer fulfilment centres (CFCs) as Ocado calls them, in the United States. Ocado reported in May that six Kroger CFCs were live. Register now for FREE unlimited access to Reuters.com RegisterReporting by James Davey; Editing by Susan FentonOur Standards: The Thomson Reuters Trust Principles.
☆ Factbox: Kroger-Albertsons merger to bring Fred Meyer, Safeway under one roof
  + stars: | 2022-10-13 | by ( ) www.reuters.com   time to read: 1 min
Oct 14 (Reuters) - Supermarket chain Kroger Co (<KR.N>) said on Friday it will buy smaller rival Albertsons Companies Inc (<ACI.N>) in a $24.6 billion transaction, in one of the biggest deals in the U.S. retail landscape in recent years. read moreThe merger would create a supermarket titan with expected annual sales of around $210 billion. Here are some key facts about the grocers:Register now for FREE unlimited access to Reuters.com RegisterReporting by Deborah Sophia in Bengaluru; Editing by Sriraj KalluvilaOur Standards: The Thomson Reuters Trust Principles.
☆ France's AXA commits up to 200 mln euros to Monte dei Paschi cash call - sources
  + stars: | 2022-10-13 | by ( ) www.reuters.com   time to read: 1 min
Factbox: Mega merger talks turn spotlight on Kroger, Albertsons, article with imageDeals · October 13, 2022 · 4:52 PM UTC · undefined ago · undefined agoGrocery giant Kroger Co (KR.N) is to merge with smaller rival Albertsons Companies Inc (ACI.N), Bloomberg News reported on Thursday, in what would be one of the biggest deals in the U.S. retail landscape in recent years.
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